Which of the following entries records the receipt of cash for 3 months' rent? The cash was received in advance of providing the service.
A. DR Cash CR Rent revenue
B. DR Cash Unearned revenue
C. DR Cash CR Prepaid rent
D. DR Cash CR Rent expense
Correct Answer:
Verified
Q16: The balance in the prepaid rent
Q17: Which of the following entries is
Q18: Use the information below to answer
Q19: Which of the following entries is
Q20: Use the information below to answer
Q22: On 1 May 2011 A Ltd
Q23: If the Prepaid Rent account before adjustment
Q24: A company had office supplies costing $50
Q25: Use the information below to answer
Q26: A payment for insurance on 1 June
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